Pearlmark Provides $81M for Apartment Project in Coral Gables
Swiss investment firm Empira Group has secured an $81 million construction loan to build a 160-unit multifamily development in Coral Gables, Fla. Pearlmark provided the financing for Aurelian, a...
View ArticleCiti Provides $210M Refi for Grand Hyatt Resort in Southern California
Citi has provided $210 million in refinancing for Trinity Investments’ 531-key luxury hotel in Southern California’s Coachella Valley. JLL Capital Markets arranged the five-year, floating-rate,...
View ArticleL.A. Industrial Vacancy Falls for First Time in Two Years
Los Angeles County’s industrial real estate market extended its recovery over the summer with its fourth quarter in a row of positive net absorption and its first annual decline in vacancy in at least...
View ArticleWalker & Dunlop Investment Partners Supplies $63M Refi for Illinois Apartments
Noah Properties has landed $62.5 million of lease-up financing for a newly built multifamily development in suburban Chicago, Commercial Observer has learned. Walker & Dunlop Investment Partners...
View ArticleSkin Care Brand FaceGym to Open New Tribeca Location at 110 Reade Street
Time to face the music. FaceGym, a skin care brand that describes itself as a “facial fitness” studio, has inked a 10-year, 2,400-square-foot lease for a new Tribeca spot at 110 Reade Street,...
View ArticleSMBC Refis Apartments Near Dallas, Philly With $108M Loan
The Philadelphia Eagles and Dallas Cowboys are longtime fierce rivals in the National Football League’s NFC East, but the two markets have a common link in one of commercial real estate’s latest...
View ArticleNetflix Studios Extends Nearly 10K-SF Lease at 817 Broadway
A major streaming platform has renewed its office space just south of Manhattan’s Union Square, Commercial Observer has learned. Netflix Studios extended its lease spanning 9,943 square feet at Taconic...
View ArticleBXP Sells 11% Stake in 343 Madison Avenue Office Tower to AVRS Partners
BXP, the largest Class A office owner in the country, has sold a 10.6 percent stake in 343 Madison Avenue, a planned 46-story, 930,000-square-foot office development in Midtown Manhattan that is...
View ArticleCMBS Loan Backed by Hyatt Regency Waikiki Beach Resort Sent to Special Servicing
A $302 million commercial mortgage-backed securities (CMBS) loan secured by the Hyatt Regency Waikiki Beach Resort & Spa, a 1,230-key luxury resort in Honolulu, has been sent to special servicing...
View ArticleInvestment Firm Garnett Station Partners Expands to 35K SF at 450 Park Avenue
Garnett Station Partners, a New York-based private equity investment firm and alternative asset manager, is expanding its office footprint in Midtown Manhattan, Commercial Observer has learned. Garnett...
View ArticleRelated Urban Secures $129M Financing for Downtown Miami Project
Related Urban Development Group said Thursday that it has arranged $129 million in financing for Gallery Lummus Parc, a 257-unit transit-oriented development in Downtown Miami. Greystone Real Estate...
View ArticleUnion Investment Sells Meatpacking District Retail Condo for $27M
A high-profile retail space in Manhattan’s Meatpacking District has traded. Union Investment Real Estate, a Germany-based real estate investment manager, sold a retail condo unit at the base of the...
View ArticleBridgeCity Lends $84M on Midtown East Office-to-Resi Conversion
CSC Real Estate has landed $83.5 million of acquisition and construction financing to reposition a Midtown East office property into luxury apartments, Commercial Observer has learned. BridgeCity...
View ArticleNews Outlet Semafor Takes 12K SF at 495 Broadway
The news never sleeps, and journalists want a comfy space to do their critical work. Digital news organization Semafor has inked a 12,000-square-foot lease at WB Property Group’s 495 Broadway just off...
View ArticleAI Platform Fuel Cycle Takes Office Space at GFP’s 630 Ninth Avenue
GFP Real Estate’s 630 Ninth Avenue has a new office tenant. Fuel Cycle, an artificial intelligence-powered platform that helps businesses gather consumer insights and conduct market research, has...
View ArticlePNC Bank Inks 4K-SF Retail Lease at 312 West 43rd Street
Residents at the Ellery, a mixed-use residential development in Manhattan’s Hell’s Kitchen neighborhood, are getting another retailer at the base of their 33-story home. PNC Bank has signed a...
View ArticlePrologis Expects More Development, Acquisitions as Industrial Recovery Grows
Prologis executives told investors Thursday the company anticipates putting more shovels in the ground and buying more property after the third quarter of 2026, but also warned that higher interest...
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Cushman & Wakefield Hires CBRE’s Doug Middleton as Head of Capital Markets
Doug Middleton and Jack Stillwagon have left CBRE for one of its global competitors. Middleton has joined Cushman & Wakefield to lead its institutional capital markets business in New York City...
View ArticleColorado Federal Bank Lends $23M for Brooklyn Apartments at Former Event Space
Double U Development has sealed $23 million of construction financing to transform a former Brooklyn music and wedding venue into apartments, Commercial Observer has learned. Colorado Federal Bank...
View ArticleEQT Real Estate Acquires $16B Alternatives Investment Firm Stockbridge for $375M
EQT Real Estate, the commercial real estate subsidiary of Swedish private equity giant EQT AB, announced Thursday that it has acquired Stockbridge, a U.S. real estate investment firm with $16.5 billion...
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